1inch Network co-founder Sergej Kunz highlighted that mass adoption means people understand “the noncustodial way.“
Svitlana Kuntz, founder of the decentralized Finance (Defi) agreement 1-foot Internet, sits with Cointelegraph's Franz Hall element at London 2023 blockchain Technology week. The two men discussed a variety of topics, as well as restrictions on investment in projects for ordinary people, what scale adoption looks like, and the jump of large enterprises into the Web3 industry.
At the beginning of the interview, Kuntz mentioned that people on the street might be interested in Web3 interior space. According to the one-foot executive, people are usually interested in putting money in areas where it is not easy to lose money and how to passively accept how to make money from their own assets. However, Kuntz explains that for retail investors, there are many restrictions. "he said," he said.
"Today, you are a very limited person, an ordinary person. The goods you can invest in are very limited. [.] For example, in order to help my children, I asked local financial institutions in France to provide some products, but they could not even provide bonds.
Kuntz also expressed some chills about the percentage of potential profits on bonds. "at this stage, the yield on foreign bonds is 4% to 5%, but they can't even offer that interest rate," he added.
In addition to the limitations faced by investors, Hall element and Kuntz also discussed current views on the login password area and what scale adoption looks like from Kuntz's point of view. The 1-inch founder shows that while data encryption may be thought of as the area where digital currencies are traded, there are more items in this space.
"We have a fragmented computer all over the world, where we can deploy applications that anyone can apply, after all, in the form of unauthorized permission," he explained. "
Referring to his team's view of what scale adoption looks like, Kuntz explained that people's understanding of culture and education is undoubtedly the key to achieving this goal. He explained:
Once you know more about unmanaged methods, this kind of easy way to communicate with many different services, and its scanner your QR code and use Taifang to buy and sell to pay for coffee. Then, from their point of view, we completed the large-scale adoption.
Kuntz shared his final thoughts on the interview and offered suggestions to those who are new to the Defi industry. "for everyone who is new to this field, don't trust everyone. When someone tries to sell you something else, don't believe it, check it out, "he said." According to Kuntz, it is best to read articles and accumulate knowledge before trading Defi or Crypto.
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